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Federal Police Launch 'Narco Bet' Targeting Crypto Laundering Tied to Drug Trafficking, 11 Arrested and R$630 Million Frozen

Investigators trace drug proceeds through crypto transactions and overseas remittances funneled into betting companies tied to maritime cocaine routes.

Overview

  • Police executed 11 arrest orders and 19 search warrants across São Paulo, Santa Catarina, Rio de Janeiro and Minas Gerais in the operation’s opening sweep.
  • High‑profile detainees include influencer Bruno “Buzeira” and businessman Rodrigo Morgado, both linked by investigators to the alleged laundering network.
  • Germany’s Federal Criminal Police (BKA) carried out a precautionary custody measure for one target located in its territory as part of cross‑border cooperation.
  • Authorities seized luxury vehicles, jewelry, watches and cash, while a court ordered asset blocks exceeding R$630 million to strip the group of resources.
  • Narco Bet is a follow‑up to April’s Narco Vela probe that grew out of a 2023 DEA‑flagged seizure of cocaine on a Brazilian sailboat, with charges of money laundering and criminal association expected.